Cheese - West USDA - Wed Jan 20, 9:25PM UTC MD_DA840
Cheese - Western U.S.
Report 3 - Released on January 20, 2021
Copious amounts of milk are resulting in the production of plenty of cheese. Western
cheesemakers are actively producing cheese, but an unsettled feeling persists within the
market. This uncertainty has seemed to play out in some cash markets. The announcement of
more government food box program purchases created an initial push upwards on cheese prices,
but now, the momentum has seemed to wane. Forecasting market direction has been difficult
and neither buyers, nor sellers, want to overextend themselves. Cheese inventories are
abundant and able to meet most needs. However, industry contacts confirm that food service
and institutional demand has remained weak. Retail demand, while better than last year, is
not able to offset the reduction in cheese sales into other channels. Until sit-down dining
returns, contacts expect the cheese market may be challenging.
WESTERN WHOLESALE PRICE ADJUSTMENTS
In the West, wholesale prices are up $.0100 for process, and up $.1325 for cheddar block,
cuts and Monterey Jack. Swiss cut wholesale prices are unchanged from the previous week.
WHOLESALE SELLING PRICES: DELIVERED
DOLLARS PER POUND(MIXED LOTS (1000-5000 POUNDS))
Cheddar 10 pound Cuts 2.2400-2.4400
Cheddar 40 pound Block 1.9925-2.4825
Monterey Jack 10 pounds 2.2275-2.5025
Process American 5 pound Loaf 1.7075-1.9625
Swiss 6-9 pound Cuts 3.6800-4.1100
Information for the period January 18 - 22, 2021, issued weekly
Secondary Sourced Information:
CME CLOSE
In CME Group trading Wednesday, barrels closed at $1.4400, compared to the weekly average
price of $1.6060 from last week. Blocks closed at $1.7300, compared to the weekly average
price of $1.9120 from last week.
EXPORT ASSISTANCE
This week, a cooperative export assistance program accepted requests for export assistance
on contracts to sell 608,476 pounds (276 metric tons) of cheese. So far this year, the
program has assisted member cooperatives who have contracts to sell 1.471 million pounds of
American-type cheeses in export markets. When combined with butter, cream cheese and whole
milk powder, the program has assisted members with sales of 84.3 million pounds of milk on a
milkfat basis.
Published by:
Dairy Market News - Madison, WI
MIKE BANDLI, (608)422-8592
Email: [email protected]
Additional Dairy Market News Information:
Dairy Market News (DMN) by Phone: (608)422-8602
DMN Website: https://www.ams.usda.gov/market-news/dairy
DMN MARS (My Market News): https://mymarketnews.ams.usda.gov
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